WikiFX

Sagot

As someone who has traded extensively across various brokers, evaluating trading costs is a fundamental part of my decision-making process. With EGM Securities, based on the information available, I see that for FX trading, there is a commission structure in place. Specifically, EGM Securities states a commission of USD 70 per USD 1 million traded on forex. For precious metals, it's USD 7.0 per standard lot round turn. In my experience, this kind of commission is within the typical range offered by brokers running ECN or raw spread accounts, though the exact competitiveness depends on the broader market context. It's important to note, however, that while a low commission can be attractive, EGM Securities' overall profile raises significant caution flags for me. The broker currently operates without any valid regulatory oversight, which directly impacts trust and client fund protection. Regardless of the cost savings from low spreads or commission, I personally prioritize regulatory status and transparency when selecting a trading partner. While the commission rates themselves are clear, I would urge careful consideration of the total risk landscape before proceeding with this or any unregulated provider. For me, safety and regulatory integrity always come before just trading costs.